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Dec 22, 2012
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is there a plan c or over the fiscal cliff. dan henninger, editorial board member. mary anastasia o'grady and jason riley. where do we stand right now with the collapse of plan b? >> well, it's no fun being john boehner right now. he's still in a tight spot and the concern that the republicans have is that obama's panel strength and as we go over the cliff and tax rates go up. but i really think the buck stops with the president here. when you go into the negotiating sessions, paul and you're expected to make concessions, but you're expect today get something in return and boehner made a major concession on rights and the president is giving him nothing in return to take that to his caucus and say, this is what happened in the horse trading. it's all or nothing, obama seems determined to humiliate the opposition. >> paul: boehner made two concessions, first 800 billion on the table in revenue and don't raise rates when the president said no he, you've got to raise rates. he said okay, a concession on rates, an offer first we'll vote for a million dollar tax increase
is there a plan c or over the fiscal cliff. dan henninger, editorial board member. mary anastasia o'grady and jason riley. where do we stand right now with the collapse of plan b? >> well, it's no fun being john boehner right now. he's still in a tight spot and the concern that the republicans have is that obama's panel strength and as we go over the cliff and tax rates go up. but i really think the buck stops with the president here. when you go into the negotiating sessions, paul and...
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Dec 22, 2012
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. >>> now, there are just ten days left to salvage a deal on the fiscal cliff where you, i, and everyone else will be paying much higher taxes. president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans to approve, i guess what you might consider a stripped down deal. this all happened around dinner time. so a lot of folks might not have seen it. give us the details. what is he proposing? >> well, i have to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly
. >>> now, there are just ten days left to salvage a deal on the fiscal cliff where you, i, and everyone else will be paying much higher taxes. president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees...
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Dec 22, 2012
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members streamed out of the capitol last night with no agreement to avert the fiscal cliff. house speaker john boehner is home in ohio tonight. >> washington has a serious problem tonight. the president's solution of raising taxes -- >> the republican leader of the senate took a holiday swipe at democrats. >> i'm stuck here at washington. >> reporter: we're learning more tonight about how the negotiations fell apart. the wall street journal quoting unnamed sources when the speaker offered $800 billion in revenue by limiting deductions the speaker asked what do i get? the president reportedly responded, you get nothing, i get that for free. unable to agree on a big deal, the president is now hoping to get a small deal, extend middle-class tax rates and agree to a framework for a big deal. >> that's an achievable goal, that can get done in ten day zblrs can it? consider the speaker's other words which are really echoing about making a deal. >> how we get there, god only knows. >> the president wasted no time getting into vacation mode. he went golfing today in hawaii. white ho
members streamed out of the capitol last night with no agreement to avert the fiscal cliff. house speaker john boehner is home in ohio tonight. >> washington has a serious problem tonight. the president's solution of raising taxes -- >> the republican leader of the senate took a holiday swipe at democrats. >> i'm stuck here at washington. >> reporter: we're learning more tonight about how the negotiations fell apart. the wall street journal quoting unnamed sources when...
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Dec 22, 2012
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. >>> we're just ten days away from the country going over the so-called fiscal cliff, automatic tax increases on nearly every american and huge spending cuts to defense and social programs are set to take effect the 1st of january unless the president and congress reach a new budget deal. but most lawmakers have deserted the capital to be home for christmas leaving america teetering on the brink. one of those enjoying christmas back if california is republican congressman tom mcclintock joining us from sacramento, california. you are a tea partier. you're part of the tea party caucus but you supported house speaker bane area plan b. yes? >>, of course, i did. again, there is no bill before the congress that proposes raising taxes on millionaires or anybody else for that matter. there is a law that goes into effect in ten days that raises taxes on millionaires, small businesses filing as millionaires and everybody else. boehner's bill tried to stop that for everybody else. offa lifeguard sees ten swimmers drowning off of his beach and can only reach nine of them to save them, it does
. >>> we're just ten days away from the country going over the so-called fiscal cliff, automatic tax increases on nearly every american and huge spending cuts to defense and social programs are set to take effect the 1st of january unless the president and congress reach a new budget deal. but most lawmakers have deserted the capital to be home for christmas leaving america teetering on the brink. one of those enjoying christmas back if california is republican congressman tom...
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Dec 22, 2012
12/12
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. >> david, are republicans actually hoping to go over the fiscal cliff because then any vote on taxes technically would be to cut them and could go forward without saying we cut taxes? >> that's a good point. inning way to look at it. it would probably give some cover to those republicans that seems clear however big a group that is that will not vote to raise tax necessary any way. you heard yesterday's speaker boehner blamed the -- downfall of his own plan b on the idea that, you know, many thought without it raise tax owes those making over $1 million. i think what the problem of going over the cliff, republicans and doing a tax cut, would give up some of the leverage probably enforcing president obama to come to the table with more spending cuts. if they go over the cliff they believe more americans will blame republicans. some polls show that americans are fed up and would blame both parties. i think that'sing? they would have to keep in mind. >> let's take a listen to what speaker boehner said friday. here it is. >> many of us believe on both sides of the aisle the fundamental r
. >> david, are republicans actually hoping to go over the fiscal cliff because then any vote on taxes technically would be to cut them and could go forward without saying we cut taxes? >> that's a good point. inning way to look at it. it would probably give some cover to those republicans that seems clear however big a group that is that will not vote to raise tax necessary any way. you heard yesterday's speaker boehner blamed the -- downfall of his own plan b on the idea that, you...
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Dec 22, 2012
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i think it would be better for the country if we go over the fiscal cliff. and i'm not sorry this has failed. i do not think this has helped john boehner's speakership. >> that quote right there certainly didn't help the president's stance either. if you tax all the people that make more than 250 k that is the solution. >> the cbo didn't help him either with those numbers because $250,000 tax the cbo has said wouldn't solve the problem. >> this barely makes a dent. >> you have to cut spending obviously and that's what we think that howard dean was alluding to. meanwhile, charles krauthammer had an interesting theory on "special report" last night in which he also tried to figure out what the president's ultimate strategy is and what game the president is playing. i had not heard this theory before. let's listen to charles krauthammer. >> if he was only interested in the budget, in the fiscally balancing it, he would have said i don't care how you get the money. can you can do it through exceptions and deductions. he insisted on rates not because it was econo
i think it would be better for the country if we go over the fiscal cliff. and i'm not sorry this has failed. i do not think this has helped john boehner's speakership. >> that quote right there certainly didn't help the president's stance either. if you tax all the people that make more than 250 k that is the solution. >> the cbo didn't help him either with those numbers because $250,000 tax the cbo has said wouldn't solve the problem. >> this barely makes a dent. >>...